Exelon Corporation (EXC) Stake Lessened by Piedmont Investment Advisors LLC
Piedmont Investment Advisors LLC lessened its stake in Exelon Corporation (NYSE:EXC) by 43.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 197,909 shares of the energy giant’s stock after selling 150,905 shares during the quarter. Piedmont Investment Advisors LLC’s holdings in Exelon Corporation were worth $7,139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently bought and sold shares of EXC. Hudock Capital Group LLC increased its holdings in Exelon Corporation by 0.4% in the 2nd quarter. Hudock Capital Group LLC now owns 3,206 shares of the energy giant’s stock worth $115,000 after buying an additional 13 shares in the last quarter. Cambridge Advisors Inc. grew its stake in shares of Exelon Corporation by 0.3% during the 2nd quarter. Cambridge Advisors Inc. now owns 6,913 shares of the energy giant’s stock valued at $249,000 after acquiring an additional 23 shares during the period. Live Your Vision LLC grew its stake in shares of Exelon Corporation by 0.9% during the 2nd quarter. Live Your Vision LLC now owns 2,977 shares of the energy giant’s stock valued at $115,000 after acquiring an additional 26 shares during the period. Chesley Taft & Associates LLC grew its stake in shares of Exelon Corporation by 0.6% during the 2nd quarter. Chesley Taft & Associates LLC now owns 5,915 shares of the energy giant’s stock valued at $213,000 after acquiring an additional 35 shares during the period. Finally, Sterling Investment Advisors Ltd. grew its stake in shares of Exelon Corporation by 1.2% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 3,145 shares of the energy giant’s stock valued at $113,000 after acquiring an additional 37 shares during the period. 76.78% of the stock is owned by hedge funds and other institutional investors.
In other Exelon Corporation news, EVP Kenneth W. Cornew sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $37.44, for a total transaction of $936,000.00. Following the completion of the sale, the executive vice president now directly owns 28,363 shares of the company’s stock, valued at approximately $1,061,910.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Paymon Aliabadi sold 13,333 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $38.31, for a total value of $510,787.23. Following the sale, the executive vice president now directly owns 39,769 shares of the company’s stock, valued at $1,523,550.39. The disclosure for this sale can be found here. Insiders sold a total of 486,952 shares of company stock valued at $18,509,309 over the last three months. Company insiders own 0.70% of the company’s stock.
Shares of Exelon Corporation (NYSE:EXC) traded up 0.85% during midday trading on Friday, hitting $39.27. The company had a trading volume of 1,992,079 shares. Exelon Corporation has a 12 month low of $29.82 and a 12 month high of $39.43. The company has a 50-day moving average of $37.85 and a 200 day moving average of $36.67. The firm has a market capitalization of $37.70 billion, a PE ratio of 20.77 and a beta of 0.29.
Exelon Corporation (NYSE:EXC) last posted its earnings results on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.02. Exelon Corporation had a return on equity of 8.47% and a net margin of 5.41%. The business had revenue of $7.62 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same period in the previous year, the business earned $0.65 EPS. The business’s quarterly revenue was up 10.3% on a year-over-year basis. On average, analysts expect that Exelon Corporation will post $2.69 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 15th will be issued a $0.3275 dividend. This represents a $1.31 annualized dividend and a dividend yield of 3.36%. The ex-dividend date is Tuesday, November 14th. Exelon Corporation’s payout ratio is currently 68.59%.
A number of research analysts recently issued reports on EXC shares. Zacks Investment Research downgraded Exelon Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday. KeyCorp reiterated a “buy” rating and set a $41.00 price objective on shares of Exelon Corporation in a research note on Friday, September 1st. BidaskClub upgraded Exelon Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Barclays PLC reissued an “overweight” rating and issued a $44.00 price target (up from $43.00) on shares of Exelon Corporation in a report on Wednesday, August 9th. Finally, ValuEngine raised Exelon Corporation from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $40.23.
Exelon Corporation Profile
Exelon Corporation is a utility services holding company. The Company, through its subsidiary, Exelon Generation Company, LLC (Generation), is engaged in the energy generation business. The Company, through its subsidiaries, Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Pepco Holdings LLC (PHI), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE), is engaged in the energy delivery businesses.
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